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The decision aims to provide margin relief to clients who have a net sell obligation in a settlement and have completed the EPI process through the clearing corporation. "It is decided that where a client has a net sell obligation in a settlement, and the EPI request for the sold securities has been successfully accepted by the CC, the CC shall, on a real-time basis, not collect margin from the Trading Member (TM)/ Clearing Member (CM) on the subsequent buy/sell positions of the client, up to the amount of such accepted EPI," Sebi said in its circular. The decision has been taken keeping in account the proposals received from the Broker ISF, recommendations of the Risk Management Review Committee (RMRC) of Sebi and internal deliberations. Under the revised framework, clearing corporations will calculate the available EPI value on the trade date, which will be the lower of the value of securities for which EPI has been made and the value of securities sold. When a client takes a position in the cash segment on the same day based on the EPI benefit, the clearing corporation will assess the client's available margin after reducing the eligible EPI value. However, if a client squares off the sale position in the securities against which the EPI benefit has been availed, the EPI value will be removed. Sebi said any resulting shortfall in the client's margin will be blocked from the proprietary collateral of the trading member or clearing member. This condition will not apply to trade-for-trade securities, as those transactions are settled on a gross basis, Sebi added. Sebi also directed trading members to ensure that their risk management systems allow clients to square off positions against which EPI benefits have been availed, or take fresh positions, only when the requisite client margins are available. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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